Adam wants to buy a stereo system.
The usual price of the stereo system is $1600.
There is a storewide promotional discount of 15%.
As a privileged card member, he is entitled to another 5% discount of the discounted price.
How much does he pay for the stereo system in all?
|
Price of the stereo system (in %) |
Price of the stereo system (in $) |
Usual Price |
100% |
$1600 |
Less storewide discount |
- 15% |
- $240 |
Price with storewide discount |
85% |
$1360 |
Price before deducting another 5% discount |
100% |
$1360 |
Less additional 5% discount |
- 5% |
- $68 |
Price after another 5% discount |
95% |
$1292 |
Discount based on the storewide 15% promotion
= 15% x 1600
=
15100 x 1600
= $240
Amount that Adam has to pay after 15% promotion
= 1600 - 240
= $1360
Further discount after another 5% discount
= 5% x 1360
=
5100 x 1360
= $68
Amount that Adam pays for the stereo system in all
= 1360 - 68
= $1292
Answer(s): $1292